The Red Bull Racing Formula 1 team prepares two F1 running show cars for a test drive on the street course in Weehawken and West New York on Wednesday, Aug. 15, 2012, at the North Hudson Regional Fire and Rescue headquarters parking lot on Port Imperial Boulevard in West New York. Reena Rose Sibayan/The Jersey Journal

Two North Hudson mayors were flabbergasted and caught off guard yesterday by a news report that the deal to hold the Formula One Grand Prix of America in Hudson County next year might be dead.

“This is the first I’ve heard,” said Weehawken Mayor Richard Turner yesterday afternoon, reacting to the news report by The Guardian, a British newspaper.

“We are trying to track some of the principals. As of last week, everything was moving along. It (the report of the deal’s demise) may be true . . . it might be negotiations.”

West New York Mayor Felix Roque was equally nonplussed.

“It’s sad,” Roque said about the news, in between seeing patients at his medical practice. “It (the race) was going to bring a much-needed economic boost not only to West New York but to the surrounding towns.”

The Guardian reported yesterday that Formula One CEO Bernie Ecclestone said there is no contract with organizers of the Grand Prix of America because they have not “complied with the terms of the contract.”

The race was tentatively planned for June along a 3.1-mile stretch of Weehawken and West New York.

Construction on the New Jersey site has begun and this year the two-time F1 world champion Sebastian Vettel and the former driver David Coulthard had demonstration runs on the circuit.

Though race organizers have had financing problems, test runs have been held on the course over the summer.

The race could be expected to attract about 100,000 visitors and generate approximately $100 million in economic activity.

Ecclestone told The Guardian the organizers of the race “have not complied with the terms and conditions of the contract, which is now gone anyway.

“They don’t have a contract,” he told the newspaper.

The promoter of the race is fund manager Leo Hindery, former chairman and CEO of the YES Network.

Steve Sigmund, spokesman of the Grand Prix of America Port Imperial, was tight-lipped in his response yesterday afternoon, but indicated negotiations were ongoing.

“We don’t comment on financial details or negotiations with Formula One,” he said.

The backers of the race have not been named publicly.

A senior motorsport industry source told The Guardian: “Pricing for sponsorship, etc., is unrealistic and not obtainable in the current market hence the malaise.”

The provisional 2013 F1 calendar was released last week and the New Jersey race was marked as subject to confirmation. The calendar will be finalized on Friday by the World Motor Sport Council of F1’s governing body, the Federation Internationale de l’Automobile, and Ecclestone told The Guardian that if the organizers can’t get financial support by then, it will be impossible for the race to take place.

Gov. Christopher Christie joined with Turner, Roque, Hindery and other dignitaries in Weehawken last Oct. 25 to announce the race was coming to New Jersey.

“This is another example of how New Jersey remains a leader in hosting marquee national and international sporting and entertainment events,” Christie said at the time, noting the races would receive no state or local subsidies.